OPEC oil output climbed in September as Libya and Nigeria recover
10-10-2017 | 13:44:15
OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production.
OPEC moves to cap Nigerian oil output, boost compliance
25-07-2017 | 14:38:00
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices.
Libya and Nigeria increase OPEC's production
15-06-2017 | 10:14:02
OPEC boosted its oil production in May as output recovered in Libya and Nigeria, two countries exempt from the group's recent deal to curb global supplies, new data shows.
Nigeria sees oil output jumping to 2.5 million bpd by 2019
04-05-2017 | 14:56:34
With a new funding arrangement for the joint ventures with international oil majors, Nigeria expects its crude oil production to rise to 2.5 million bpd by 2019, from 2.2 million bpd capacity now.
Oil on water shrinks by 17% in early indication of OPEC cuts effect - Vortexa report
06-04-2017 | 09:51:00
Oil on water levels have reduced by as much as 17% since the beginning of the year according to new figures generated by Vortexa, a newly launched analytics platform focused on the oil markets.
More revenue for Nigeria, others as oil production cut begins - OPEC
02-01-2017 | 12:13:00
The agreement by the oil producing nations to cut about 2 million barrels of crude oil off the market commenced yesterday giving hopes for commodity-reliant nations like Nigeria of more revenue in 2017.
Oil Firms to Increase Spending in 2017
04-10-2016 | 12:26:00
The oil industry appears to be ready to open its wallet after two years of slashing investments, BMI Research, a Fitch rating company said. This came on the hopes raised in the global market over Organisation of Petroleum Exporting Countries, OPEC, group reaching an accord last week on production cut back to boost revenue.
OPEC Supports Nigeria’s Diversification Agenda
05-09-2016 | 11:32:00
Secretary-General of Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, has declared his support for Nigeria’s ongoing efforts to diversify the economy and expanding the agricultural sector.
OPEC Sees Brexit Risk to Oil Demand, Slide in Non-OPEC Supply
14-07-2016 | 12:07:00
OPEC said the U.K.’s vote to leave the European Union could curb global economic growth next year, notably in Europe, where the risk is that demand for oil could fall.
OPEC oil production on the rise again, Nigeria sees largest increase in June
14-07-2016 | 10:48:00
The Organization of Petroleum Exporting Countries produced nearly 32.9 million barrels of oil a day in June, according to its monthly statistical bulletin.